Set micro network news, December 31, Lanqi Technology Co., LTD. (Stock code: The fourth extraordinary General Meeting of shareholders in 2021 was held to review and vote on the Bill on the Company's Daily Related Transaction Quota Forecast in 2022 and the Bill on The Use of Overraised Funds to Invest in Construction Projects. Ijiwei participated in the extraordinary General Meeting as its institutional shareholder and voted for it.
Increase the amount of related transactions with Intel again
The board of Directors authorizes the management to enter into the purchase agreements with Intel Corporation and other companies directly or indirectly controlled for the purchase of raw materials and research and development tools within a limit of RMB84 million, According to a statement issued by Monrise on December 10.
The announcement pointed out that the company is expected to purchase goods/accept services from Intel in 2022 amount of 2.5 billion yuan, accounting for 79.97% of the same business. The reason for the large difference between the estimated amount of 2022 and the actual amount of 2021 is that the amount of jinarrest & REg; The demand for CPU continues to increase, and the purchase amount of raw materials needs to be increased.
"The purchase of raw materials is the basis and prerequisite for the company to deliver products to customers and recognize sales revenue," Fu Xiao, director secretary of Monchi, told shareholders including Ijiwei at the shareholders' meeting. Since it takes a certain amount of time to purchase raw materials, manufacture finished products, and deliver them to customers,The company's daily related party transaction quota in 2022 is expected to be based on the Tianjin & REg; CPU business is currently estimated based on the comprehensive consideration of current orders, customer sales forecast and other factors. The final sales amount of CPU business in 2022 is related to customer orders, raw material supply and other factors, so the estimated amount may vary to some extent.”
In addition, Fu Xiao pointed out that The arrest of Jin; The CPU project is jointly developed by the Company and Intel. The company purchases products from Intel, which is in line with the objective needs of the company's business development. The pricing of related party transactions is fair and reasonable, and there is no damage to the interests of the company and shareholders.
It is understood that In November last year, in June this year, in August and December this year, Lanqi technology has increased the related party transaction limit with Intel four times, respectively from less than 100 million yuan to 500 million yuan, and then increased to 1.5 billion yuan, 1.584 billion yuan.
Use the overraised funds to invest in the development of PCIe Retimer chips
The interim general meeting of shareholders deliberated and passed the "on the use of overraised funds to invest in construction projects".
According to Fu XiaoThe over-raised funds will be used for the r&d and industrialization of the new generation PCIe heavy timer chip of Montage technology, including the r&d and industrialization of PCIe 5.0 Retimer chip (PCIe 5.0 Retimer chip) and PCIe 6.0 Retimer chip (PCIe 6.0 Retimer chip). The total investment of the project is estimated to be 519.51 million yuan, and 477.51 million yuan is planned to be invested with overraised funds. The excess part shall be invested by the implementing subject with its own or self-raised funds.
For the necessity of the project investment, Fu Xiao said, one is the rapid development of PCIe interconnection technology, the future application market is broad; Second, PCIe transmission rate continues to double, Retimer chip is urgently needed to solve the signal attenuation and other problems; Third, PCIe Retimer chip has become the mainstream solution in the industry, and the implementation of this project is conducive to enhancing the company's core competitiveness; Fourth, in line with the company's strategic layout direction.
In September last year, Montage announced the mass production of PCIe 4.0 Retimer series chips, which use advanced signal conditioning technology to improve signal integrity and increase the effective transmission distance of high-speed signals. On this basis, the company further developed PCIe 5.0/6.0 Retimer chip, in which PCIe 5.0 Retimer chip conforms to PCIe 5.0 and CXL 2.0 protocol specifications, with two-way 16 high-speed channels, the transmission rate of each channel up to 32GT/s. The PCIe/CXL dual-mode can work according to system requirements. The PCIe 6.0 Retimer chip is an iterative upgrade based on the PCIe 5.0 Retimer chip. It has a higher transmission rate of 64GT/s per channel, supports PCIe/CXL dual-mode operation, and complies with the formulated PCIe 6.0 and CXL3.0 protocol specifications.
In addition, during the adjournment of the general meeting of shareholders, IJiwei had further communication on The DDR5 memory interface business of Montage technology. Fu xiao said, "The company's DDR5 memory interface has been successfully mass produced in the fourth quarter of this year, from the whole industry, DDR5 penetration needs a process, the company is very optimistic about the market development prospects of DDR5."
IDT (acquired by Renesas), Montage and Rambus are the only three companies in the world with this technology. Montage's share of the memory interface market reached 47% in the half-year report period to 2021. Fu Xiao also mentioned that Montage's DDR5 memory interface has certain competitive advantages in technology and power consumption.